Tesla (NASDAQ:TSLA) Stock Rating Upgraded by DZ Bank

Tesla (NASDAQ:TSLAGet Free Report) was upgraded by stock analysts at DZ Bank from a “sell” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat reports. The brokerage currently has a $385.00 target price on the electric vehicle producer’s stock. DZ Bank’s price objective indicates a potential upside of 2.31% from the company’s current price.

Several other research firms also recently commented on TSLA. President Capital decreased their price objective on shares of Tesla from $500.00 to $424.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of Tesla in a report on Wednesday. UBS Group reiterated a “neutral” rating and issued a $364.00 price objective (up from $352.00) on shares of Tesla in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $510.00 price objective on shares of Tesla in a report on Wednesday. Finally, Glj Research reiterated a “sell” rating on shares of Tesla in a report on Tuesday, April 21st. Eighteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $398.45.

View Our Latest Stock Report on TSLA

Tesla Price Performance

Shares of TSLA opened at $376.30 on Friday. The company has a market cap of $1.41 trillion, a price-to-earnings ratio of 345.23, a PEG ratio of 11.87 and a beta of 1.91. Tesla has a 1-year low of $259.63 and a 1-year high of $498.83. The company’s fifty day simple moving average is $385.94 and its 200 day simple moving average is $420.67. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, April 22nd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the previous year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, research analysts forecast that Tesla will post 1.36 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 25,809 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares of the company’s stock, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the completion of the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tesla

Institutional investors have recently modified their holdings of the business. Networth Advisors LLC bought a new stake in shares of Tesla in the fourth quarter valued at about $26,000. Davidson Capital Management Inc. boosted its position in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Turning Point Benefit Group Inc. bought a new stake in Tesla during the third quarter worth about $30,000. Manning & Napier Advisors LLC bought a new stake in Tesla during the third quarter worth about $29,000. Finally, Prism Advisors Inc. bought a new stake in Tesla during the fourth quarter worth about $30,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Company Profile

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Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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